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California Releases New Regulations Governing Pricing of Auto Insurance
West News • April 27, 2006
California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that will follow through on the promise voters sought when they approved Proposition 103 in ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Who are you going to believe? | Reality Check | Apr 28, 2006, 6:45 pm |
| Who Are You Going To Believe? | Rolf Neu | Apr 28, 2006, 5:49 pm |
| RE: How ignorant is he? | ind | Apr 27, 2006, 1:35 pm |
| RE: RE: Stupid Rules | The Future | Apr 27, 2006, 1:34 pm |
| How ignorant is he? | Reality Check | Apr 27, 2006, 1:26 pm |
| RE: Stupid Rules | IndAgent | Apr 27, 2006, 1:24 pm |
| Stupid Rules | Mr. Recall | Apr 27, 2006, 8:54 am |
| Back to article | ||
Subject: RE: RE: Stupid Rules
The only hope here is that miles driven is the least recognized factor in computing rate. Those of us in rural areas may drive longer distances but have less traffic to deal with and less chance of an accident.
I agree 100% on personal accident frequency being the primary determinate of rate, but for the most part it already is.
The concern however is for those that have had no losses. If miles driven is a bigger factor than where you drive, the rate will inordinately favor those urbah drivers that are surrounded by morons looking to run into them.